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Preferred Equity and Mezzanine Loan Investments | 6 Months Ended
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Jun. 30, 2018
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] |
Preferred Equity and Mezzanine Loan Investments | Preferred Equity and Mezzanine Loan Investments P referred equity and mezzanine loan investments consist of the following as of June 30, 2018 and December 31, 2017 (dollar amounts in thousands):
| June 30, 2018 |  | December 31, 2017
Investment amount | $ | 178,372 |  |  | $ | 140,560 |
Deferred loan fees, net | (1,631 | ) |  | (1,640 | )
Total | $ | 176,741 |  |  | $ | 138,920 |
There were no delinquent preferred equity and mezzanine loan investments as of June 30, 2018 and December 31, 2017. As of June 30, 2018, the Company is committed to fund $2.8 million of preferred equity on an existing investment. The geographic concentrations of credit risk exceeding 5% of the total preferred equity and mezzanine loan investment amounts as of June 30, 2018 and December 31, 2017 are as follows:
| June 30, 2018 |  | December 31, 2017
New York | 23.9 | % |  | 24.1 | %
Texas | 15.7 | % |  | 24.3 | %
Florida | 13.5 | % |  | 3.9 | %
Virginia | 8.5 | % |  | 10.8 | %
Tennessee | 6.2 | % |  | — |
Alabama | 5.7 | % |  | 7.1 | %
South Carolina | 5.6 | % |  | 7.0 | %

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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